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And as a result of this large concentration of spend, these large cloud vendors have created cloud marketplaces that allow you to take that $158 million of committed spend and actually use it to procure startup solutions and other ISV solutions on their respective marketplaces. AWS’s marketplace has seen 1.5 Rico Mallozzi: Yeah.
Providers that fall in the lower end of the SaaS spectrum might not be able to keep up with the growing needs of the cloud computing market and eventually shut down. This points to another serious issue i.e. data portability as all the time and money a business invests in a SaaS provider might go to waste. VPC and VPN.
We believe that AI startups who 1) build for enterprises’ AI-centric strategic initiatives while anticipating their pain points, and 2) move from a services-heavy approach to building scalable products will capture this new wave of investment and carve out significant market share. Measuring ROI is still an art and a science.
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